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this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top of the show, from politico, the fiscal framework emerging. are the contours of the deal really taking shape? you heard kristen welker saying the description of that phone conversation may not ha
this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put...
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Nov 29, 2012
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gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six years, and we know what's going to happen over the next 20-30 years, it's going to go up including federal spending as a share of gdp because of the relentless demographics. this is all about health care spending, not just entitlements, but the biggest share of the budget which is all of those programs starting with medicare and medicaid. you can't geout of it without dealing with those, a and bowles is absolutely right. gerri: long way to go. thanks for coming on. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for ve days. as president obama pushes for
gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six years, and we know what's going to happen over the next 20-30 years, it's going to go up including federal spending as a share...
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and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmaker. i suspect that, from folks that i've talked to, eric cantor will not be a thorn in boehner's side. eric cantor realizes he has time, niece his 40s, he wants to be the first jewish speaker of the house. sit back, relax, you know what? if boehner becomes unpopular you don't have to lead a charge against him. you can say, well, that's too bad, john, you don't have the support. but he doesn't have to do anything, he can sit back. >> on positive way, it's not mitt romney's loss as obama's win which has helped him. they're bedfellows now. they've have to negotiate from a different perspective. >> what's shocked me there's this tacit understanding the negotiation's not going to be done until the 11
and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmaker. i suspect that, from folks that i've talked to, eric cantor will not be a thorn in boehner's side. eric cantor...
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and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you know cheaper alternatives, they may be getting even more affordable. you got to hear this story. we take any kind of prescription drugs. details straight ahead in today's speed read. b you know how panful heartburn can be. for fast, long lasting relief, use doctor recoended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relievi the pain quickly. try fast, long lasting gaviscon®. maybe you want to incorporate a business. ortect your family with a will or living trust. and you
and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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Dec 3, 2012
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speaker boehner said it's the president when is unwilling to compromise. it's time now for our sunday group. bill crystal of the weekly standard. marcha liason and ed rollins and former democratic senator that you heard. >> each of them are saying they are being reasonable and it's the other side's fault. you have been through your share of washington negotiations. what strikes you about what you heard today? >> i think they both made their case well but i think geithner is in a stronger position in this respect. the president is the president. he can maneuver, he can say my $1.6 trillion and he can say $1.2 trillion. speaker boehner has 135 members. they don't hop to it when he decides to move. he's in a tougher position structurally. in these show downs the white house usually wins and the main reason they win is it's a unitary executive. and congress is in a weaker position. >> all right. >> what happened this week is interesting. both sides are putting out their maximalist position and telling what they will do before they cave. the republicans are goi
speaker boehner said it's the president when is unwilling to compromise. it's time now for our sunday group. bill crystal of the weekly standard. marcha liason and ed rollins and former democratic senator that you heard. >> each of them are saying they are being reasonable and it's the other side's fault. you have been through your share of washington negotiations. what strikes you about what you heard today? >> i think they both made their case well but i think geithner is in a...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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." ♪ ♪ >> andrea: 32 days until the nation is set to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do th
." ♪ ♪ >> andrea: 32 days until the nation is set to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they...
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. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power and he has gotten his way because not only has he stamped his feet to get his way but he's also threatened people. he's done that here by saying that the tea party 2 is going to dwarf tea party 1, that's sending out a message saying, if you support any revenue increases, if you go along with compromise, we're going to get you next time around in your primary. that's what this is all about. it's an intimidation to republicans thinking about actually trying to come to some sort of deal and move forward. >> let's listen to a prediction that lindsey graham made which i think i agree with. >> i think we're going over the cliff. it's p
. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power...
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and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree to from the debt ceiling negotiations. and so it's really just a matter of getting closer and closer to that deadline, having the markets start to freak out and then realizing that they have to come up with something. >> seems like there's a lot of public theater going on with this one. >> quickly on michael's point, if the mandates for compromise, accusing the democrats of being wealth destroyers probably doesn't move the compromise needle very far. >> michael, zachary, nancy, thanks to all three of you. i apprecia
and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree...
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while speaker boehner says it is the president who is unwilling to compromise. and it is time for our sunday group, bill kristol of the weekly standard. mara liasson of national public radio, republican strategist ed rollins and former democratic senator evan byah. you heard for the last half-hour, tim geithner and john boehner, each say they are being reasonable and it is the other side's fault. bill you have been through your share of washington negotiations. what strikes you about what you heard today? >> geithner is in a stronger position, in the respect. the president is net and high can maneuver and say, $1.6 trillion and, they say, $1.1 trillion and speaker beginner has 235 members, and they don't hop to it when he decides to move, he's in a much tougher position structurally and we have seen the history of the show downs, the white house usually wins, and, the main reason why is, he is a unitary executive and, the majority party in congress is in a weaker position. >> chris: mara. >> what happened this week is interesting, it is kabuki theatre and both s
while speaker boehner says it is the president who is unwilling to compromise. and it is time for our sunday group, bill kristol of the weekly standard. mara liasson of national public radio, republican strategist ed rollins and former democratic senator evan byah. you heard for the last half-hour, tim geithner and john boehner, each say they are being reasonable and it is the other side's fault. bill you have been through your share of washington negotiations. what strikes you about what you...
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is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not default for the first time in its history is irresponsible. >> that is the leverage. that is why if the republicans in the final hour of the fiscal cliff negotiations say fine, you can have this much re-knew from the cap and deduction and closing loopholes we will budge on the rate. 37.5%. that is not must have none. if it is not tied to debt ceiling increase that would only pass with the aggressive medicare reform they have to have a separate debt ceiling fight in member. where do they find the math for that? republicans won't vote for anything without commensurate spendin
is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not...
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speaker boehner says he is going to do everything we can to avoid the cliff. but acknowledged there is a chance he canal stop it. jamie? >> eric: peter doocy comprehensive report. >> jamie: thank you. >> eric: president obama hit the road on friday to try to sell his plan to the american people. but is that his -- is that what needed to make a deal? bring in max schlapp, political director under president bush. former democratic congressman from texas, martin frost. matt and martin, welcome sunday morning. good to see you. matt, let me start with you. what do they need, because they are not there now, to get to the point they need to make a deal? >> they have time to pull a deal together. the real concern here is that president obama is drawing lines in the sand. some of the lines might not be able to be crossed by the republicans. that gets people increasingly worried that an overall deal can't be reached. hard to imagine in the short-term before cliff by the end of the year, they can't do something to bridge this in to a conversation next year. but when pres
speaker boehner says he is going to do everything we can to avoid the cliff. but acknowledged there is a chance he canal stop it. jamie? >> eric: peter doocy comprehensive report. >> jamie: thank you. >> eric: president obama hit the road on friday to try to sell his plan to the american people. but is that his -- is that what needed to make a deal? bring in max schlapp, political director under president bush. former democratic congressman from texas, martin frost. matt and...
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we know president obama and speaker boehner spoke on the phone last night, talked a lot about that even though we don't know what they discussed. the first read team says a fiscal cliff deal is in sight. what do they think the big deal will be? join our conversation on twitter. find us at @tamronhall a and @newsnation. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probabl
we know president obama and speaker boehner spoke on the phone last night, talked a lot about that even though we don't know what they discussed. the first read team says a fiscal cliff deal is in sight. what do they think the big deal will be? join our conversation on twitter. find us at @tamronhall a and @newsnation. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or...
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and we learned late this afternoon that in fact speaker boehner and president obama had a phone call today. we don't know, however, what was said in that call. but reports are that some progress is being made in these negotiations. at least conversations continuing behind the scenes between the top leaders, larry. >> all right. a phone call. that's pretty good progress. many thanks. so let's just ask a couple questions here. does president obama have the whip hand in all these negotiations, and are the republicans about to be blamed big-time for falling off their own fiscal cliff? joining me now is ace pollster scott rasmussen. i just did a little tv gig with scott, who's in about 60 cities across the country. all right, scott. you heard timothy geithner. he said if they don't raise taxes on the rich, they were going to go over the fiscal cliff. but at the end of the day, if we do fall over the fiscal cliff, if taxes go december 31st, will the republican party be blamed? >> absolutely. right now, people aren't convinced that either the president or congressional republicans are serio
and we learned late this afternoon that in fact speaker boehner and president obama had a phone call today. we don't know, however, what was said in that call. but reports are that some progress is being made in these negotiations. at least conversations continuing behind the scenes between the top leaders, larry. >> all right. a phone call. that's pretty good progress. many thanks. so let's just ask a couple questions here. does president obama have the whip hand in all these...
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats w
a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further...
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deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle whark we don't see in the counteroffer is extension of payroll tax cut, extensi
deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the...
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i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going to offer any spending cuts? they felt those programs were all going to be protected? >> no, no, i don't think that's what was said after that meeting. i think what the democrats want is balance. i think they're willing to give. i mean, in the president's budget now is $300 billion of additional cuts in medicare, and this is why what marc's saying is just not true. the democrats have shown a willingness to give on all four of the places we think we need to give. it's been the republicans who have been intransigent on tax increases and defense cuts. if we can come to a deal like we did in 2011, we
i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going...
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this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but i think most people, to this point, don't think that the federal government has done a good job of spending their money. and that is a crucial question people have got to ask. no one in washington or around the country should be surprised at where we are today. it is time -- look, there's no new proposal that's going to be put on the table between now and christmas or now and the end of the year. all of the proposals are out there. we know where everybody is on the issue. now is the time for the president and speaker boehner to lead. that is what we need in this country
this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but...
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connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think we will not fall over the cliff. it will be 150-175. that will take a bite out of consumer spending, ap in the first quarter. we will have a decent holiday sale. some pay back early next year. connell: thank you, stuart. i think you bring up an important point. even if we solve this, you will see higher taxes lower spending. some tough news from microsoft that came out today. the company will cut its order of the new surface tablet that we have talked about from 4 million units to 2 million units. this is all because of weak demand. it runs on a result eight. they continue to see very weak demand for
connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think...
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and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of growth. you want to see more than
and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math...
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obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a triple top setting up. those do not hold. i like the trade up towards a test of that october high. >> i'm surprised you don't think the yen is a better trade at the moment. there's a lot of chatter everywhere else about it. >> it's a great point, simon. you know, the boj is doing everything they can to end their 13, 15-year deflationary cycle. my thought on that is you don't get hit by the train you see coming. i feel like the market is so focused on the short yen trade, i think it could work in the short term. you could pair a euro long like i'm talking abo
obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a...
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john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i remember the moment in the presidential
john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid...
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in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the
in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion...
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i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that they can't -- you know, the one reason why there's not meetings here? that's bad for boehner. boehner can't be seen here on, quote, enemy territory cutting the deal. right? it has -- i mean, look. the semantics matter. you hate to admit that it does, but it does. and the settings matter. that's why you're not seeing a lot of meetings here. >> it does and there are a lot of republicans -- remember newt gingrich going over to the white house through the budget negotiations in the 1990s, and newt gingrich's own words getting his pockets picked by bill clinton. outnegotiated time and time again. so these things do ma
i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that...
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president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met them, at chambliss' office. a few were let inside without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >
president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met...
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if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smart conservatives. byron york in "the weekly standard," and john padora, bill kristol are all saying the republicans have to do something. they're playing a losing hand. fedoris writes, every way you look at it, the gop is trapped. republican politicians will cave and give the president most of what he wants. the only real question is, when? the answer is, probably at the worst possible time when they've done even more damage to the party's brand. governor, if you were a republican today, would you sitting down say, you know we have to eat this, deal with this top 2%, we can't be seen as ha
if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smart...
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victories off of obama's first offering. now, obama today can go to his caucus and say, look, i tried to get everything i could get. >> we've got to give. >> and we've got to give. and i think this actually is much more important in terms of setting the frameworks for each of the partisans to say okay, we did what we could. now let's start moving. >> and to save face. >> mark halperin. >> clearly one of the things the white house offer is intended to do is to smoke out republicans. one of the things the president's most frustrated about and feels he's got a really strong hand on, republicans cannot make up the loss of the tax revenue, or if they want to lower the amount of new tax revenue with spending cuts that are the least bit popular. if they want more entitlement cuts, more discretionary spending cuts, if they want pentagon cuts, the president wants them to specify them. and this offer is intended in part to say here's my math. here's the level of deficit reduction i can reach. if you think you can reach the same or mor
victories off of obama's first offering. now, obama today can go to his caucus and say, look, i tried to get everything i could get. >> we've got to give. >> and we've got to give. and i think this actually is much more important in terms of setting the frameworks for each of the partisans to say okay, we did what we could. now let's start moving. >> and to save face. >> mark halperin. >> clearly one of the things the white house offer is intended to do is to smoke...
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you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s called. they weren't there. >> bill: yeah, my great aunt madeline used to say, "flabbergasted" she was 90 then. >> i was waiting for him to say we got beat, it was a slobberknocker. >> maybe they say that in the bar. the other thing is t flabbergasted? he has known about this plan. you can check it out. this is nothing to be flabbergasted about. this was out there long since the election and ever since. >> a non--serious proposal. the president was asking for $1.6 trillion worth of new revenue over 10 years, twice as much aziz been asking for in public. stimu
you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word?...
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i don't think either of these men, president obama or john boehner, want to see this country go off the fiscal cliff. there's obviously too much at stake not only politically but for the lives and welfare of americans. i think that's foremost in their mind, even given all the politics. so thelma and louise, whatever conspiracy theories we see right now, they might be justified because we're at a standoff at least publicly right now as we head into december, alex. >> mike viqueira at the white house, thanks for that. >>> joining me for more front page politics, perry bacon junior and political contributor for the "washington post." perry, the president's plan is pretty ambitious. what is the strategy here? >> the strategy is to move this debate to the left. i mean, a lot of times you saw in these first four years obama would kind of start in the center on a plan and then the republicans could move to the right a little bit. in this plan, obama knows republicans don't support stimulus money. they don't support $1.6 trillion in taxes. he's saying i won the election. we're going to start wi
i don't think either of these men, president obama or john boehner, want to see this country go off the fiscal cliff. there's obviously too much at stake not only politically but for the lives and welfare of americans. i think that's foremost in their mind, even given all the politics. so thelma and louise, whatever conspiracy theories we see right now, they might be justified because we're at a standoff at least publicly right now as we head into december, alex. >> mike viqueira at the...
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what will it take to get the two of you in a room to hash this out. >> obama: will speaker boehner and i speak frequently. >> when will the two of you sit down in a room. >> obama: i don't think the issue right now has to do with sitting in a room. >> jennifer: he's totally right by that, by the way. president obama reiterated that he's on board with entitlement reform and cuts but the republicans have to budge on tax rates for the wealthy. harry reid had this for the republicans. >> i sympathize sympathize with john boehner. the tea party has a firm grip on the republican party. we are not going to twist ourselves into contortions to please a vocal minority of the tea party. >> jennifer: that's fascinating a new approach for harry reid feeling sorry for john boehner. i'm not sure how john boehner feels about that. with me is karl frisch in washington and donny welcome back inside "the war room"." >> it's a party. >> jennifer: yeah, all good stuff. karl i'll start with you. how should democrats be handling this tea party revolt? should they do more to assist speaker boehner? >> we shou
what will it take to get the two of you in a room to hash this out. >> obama: will speaker boehner and i speak frequently. >> when will the two of you sit down in a room. >> obama: i don't think the issue right now has to do with sitting in a room. >> jennifer: he's totally right by that, by the way. president obama reiterated that he's on board with entitlement reform and cuts but the republicans have to budge on tax rates for the wealthy. harry reid had this for the...